Chinese steelmaker Hebei Iron and Steel Group is said to be considering increasing its 10 percent shareholding in Swiss-based Duferco International Trade Holding, the world's biggest steel trader, as SteelOrbis has heard. The exact amount ...
Apple Inc's long-awaited launch of tap-to-pay technology in its new iPhones and smartwatch may be the seal of approval that near-field communication technology needs to become as commonplace as wifi, Bluetooth and GPS. Called NFC, the ...
Tags: Apple, NFC Chip Technology
Hebei Province-based Chinese steelmaker Hebei Iron and Steel Group announced on September 12 that it has signed a memorandum of understanding (MoU) for the establishment of a high-volume joint venture steel project in South Africa together ...
Tags: Large Steel, Iron, Steel
Arla Foods is making a non-binding bid for a majority stake in Arab Dairy Products Company, a listed company based in Cairo, Egypt. The bid of 65 Egyptian pounds per share is dependent on a satisfactory due diligence of the dairy company ...
Tags: Arla Foods, Non-Binding Bid, Food
Brazilian steelmaker Companhia Siderurgica Nacional (CSN) will have to pay BRL 4 billion (US$1.78 billion) to the country's revenue service Receita Federal as a result of unpaid taxes. According to the nation's fiscal council Carf, CSN ...
Tags: Metallurgy, Mineral, Energy
New Zealand dairy co-operative Fonterra Co-operative Group Limited and a leading Chinese infant food manufacturer Beingmate have formed a global partnership that will help meet China’s growing demand for infant formula. Fonterra ...
Tags: Fonterra, Infant Food
An agreement has been reached to create the world’s third largest quick service restaurant company, merging North American-based beverages and baked goods restaurant Tim Hortons Inc. (Tim Hortons) with global burger restaurant Burger ...
Tags: Burger King, Tim Hortons, fast food
Wednesday, September 03, 2014: In May 2013, Glunz & Jensen A/S acquired an initial 16.8 % stake in Othonia Curing Technology A/S (Othonia). Othonia develops an innovative computer-controlled UV LED concept for curing surfaces which is ...
Tags: UV LED Lamp, LED Lamp
New York-based private investment firm Kohlberg Kravis Roberts (KKR) has divested its entire stake in China Modern Dairy, for around $80m. The company sold 168 million shares at HK$3.70 ($0.47) per share. China Modern Dairy is an ...
Tags: Modern Dairy, Food
As clients are adjusting inventories of LED chips used in backlighting and lighting, demand for LED chips in the third quarter of 2014 will significantly decrease sequentially, according to chairman Lee Biing-jye of Taiwan-based LED ...
Tags: LED Demand, LED Chips
Breakfast cereal producer Kellogg plans to acquire a majority stake in Egyptian confectionery-maker Bisco Misr for an undisclosed amount. The company is eyeing around 51% stake in Bisco Misr, following a due diligence. Bisco Misr, ...
Tags: Kellogg, Bisco Misr, Breakfast cereal
US-based equity firm The Riverside has acquired ownership stake in Uinta Brewing for an undisclosed amount. Riverside's investment is expected to enable Uinta expand its distribution operations and production capacity, and continue new ...
Tags: Equity Firm, Uinta Brewing
Aussie apparel retailer Billabong International Limited was able to significantly reduce its net loss in the fiscal year ending June 30, 2014, when compared with fiscal year of 2013. Including significant items and discontinued ...
Corrugated and plastics packaging company DS Smith has completed the acquisition of remaining 50% stake in Italian recycling company Italmaceri Srl. DS Smith's acquisition of Italmaceri was a part of the acquisition of SCA Packaging in ...
Cooper Tire and Rubber Co. reports the fair market value for its Chinese plant to be US $440 million at the current exchange rate. The valuation of Cooper Chengshan (Shandong) Tire Company Ltd. (CCT) was completed by an independent firm ...
Tags: Cooper Tire, plant, Auto Parts